China to further open services sector

Visitors check out exhibits at the China-ASEAN Expo in Nanning, the Guangxi Zhuang autonomous region, on Sept 12.- Xinhua

BEIJING (China Daily/Asia News Network): As liberalisation of trade in services and openness in the services sector are often at the core of high-level international economic and trade rules, China is expected to further open up the sector to the rest of the world to achieve its goal of basically establishing a new system for higher-level opening up of the economy during the 14th Five-Year Plan period (2021-25), industry experts said.

The nation's openness commitments in the services sector under the Regional Comprehensive Economic Partnership agreement, which has taken effect in 11 of its members, will usher in a new era of liberalisation in China's services industry to uplift quality development of its services industry and bolster the nation's overall expansion in high-level opening-up, they said.